The income before income tax, if the percentage of sales represented by the cost of goods sold had remained at 56% in 20x2, is $248,400.
An income tax is a tax imposed on individuals or entities in admire of the profits or income earned by using them. earnings tax generally is computed because the product of a tax fee instances the taxable income. Taxation rates may additionally range via the kind or characteristics of the taxpayer and the type of profits.
Income taxis a direct tax that a government levies on the profits of its citizens. The income Tax Act, 1961, mandates that the relevant authorities collect this tax. The government can exchange the income slabs and tax quotes each year in its Union price range. earnings do now not simplest imply money earned in the form of revenue.
⇒ 56% x $885,000 = $495,600 cost of goods sold in 20X2.
$74,400 lower than it was in 20X1.
If we add the $74,400 to the income before taxes the result would be $248,400.
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ricardo is a district manager who oversees several store managers in a national chain of department stores. ricardo reports directly to the vice president of stores and marketing, a member of top management. ricardo is a middle manager. group of answer choices true false
Based on the fact that Ricardo reports directly to top management and is the district manager, then he is Middle Management to this is TRUE.
What is middle management?Middle Managers are those who have a position that is higher than junior managers, but directly lower than top management. This means that they report to the top management.
These positions often involve the heads of districts which is what Ricardo is so Ricardo must be middle management.
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if gdp for a certain economy is $1,111 billion at the end of year 1 and it grows by 3 percent, what will be the gdp at the end of year 2?
As per the question, if GDP for a certain economy is $1,111 billion at the end of year 1 and it grows by 3 percent, what will be the GDP at the end of year 2 will be "$1,144.33 billion"
What do you mean by GDP?
The full form of GDP is Gross Domestic product. GDP is helpful to measure the monetary value of final goods and services that are produced in a country in a given period of time.
Given Information:
GDP at first year= $1,111
Growth=3%
GDP at second year=?
Calculations:
GDP at second year= GDP at first year*[1+ (growth/100)]
GDP at second year=$1,111*(1+ (3/100)]
GDP at second year=$1,111*1.03
GDP at second year=$1,144.33 billion
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a contract which is lacking a vital element or is based on an illegality such as the transfer of stolen goods is .
A contract that is missing an important detail or is based totally on illegality inclusive of the switch of stolen items is a void contract.
The definition of a contract is an agreement between two or more humans to do something. An example of an agreement is a mortgage agreement among customers and sellers of a car. An instance of agreement is an agreement among two human beings to be married.
First, events agree to paintings together and forge a connection that if fostered nicely and beneficial on both sides, can final years. A contract is the visible illustration of that courting. Contracts additionally hold every party to their unique agreement.
A contract is an agreement, but a settlement isn't always continually a contract. A settlement can be casual or it is able to be written; an agreement can be verbal or written, however, an agreement will constantly be enforceable if it contains positive necessities.
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Just as reliability is necessary but not sufficient for validity, validity is necessary but not sufficient for.
If test scores are not dependable, they cannot be legitimate since they do not provide an accurate approximation of the ability or characteristic that the test is designed to assess. As a result, reliability is a required but not sufficient requirement for validity. Furthermore, reliability is a required but not sufficient condition for validity.
As a result, it is critical to examine the reliability coefficient from the standpoint of validity in order to better understand the relationship between reliability and validity and guarantee that the measure is both reliable and valid. Although reliability and validity are closely related, they have different meanings. A measurement can be both trustworthy and valid.
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an outward shift in the production possibilities curve of an economy can be caused be an increase in
An increase in capital causes the production possibilities curve of an economy to go outward.
What do you understand by capital?Usually, money or other liquid assets are held or acquired for use as capital. The phrase can be used broadly to refer to all of a company's monetary-valued assets, including its inventory, real estate, and equipment.
It boosts worker productivity, which benefits the economy as a whole. A increasing population, the importance of technology, and specialization have forced manufacturers to get additional funding and supporting resources to meet demand. According to some, capital accumulation is the foundation of economic growth.
Capital is the portion of money that can be used to create more wealth. Other than the free gifts of nature that provide income, all forms of wealth are considered to be capital, according to Marshall. As a result, capital refers to any forms of wealth—aside from land—that contribute to the continued generation of revenue.
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If a firm takes steps that increase its expected future roe, its stock price will increase. True or false?.
It is a false statement that a firm takes steps that increase its expected future return on equity (ROE), its stock price will increase.
If the steps are taken by a particular firm that increases its future return on equity its stock price would never increase. Return on equity is basically a measure of net income of a company divided by its shareholder’s equity. Return on equity basically measures profitability of a corporation and how it generates profit.
Low Return on Equity of a company means that the company has not used the capital invested by shareholders efficiently. It also depicts that the company is not in a position to provide investors with substantial returns.
The return on equity ratio has a direct impact on stock price. When management repurchases its shares from the marketplace, this reduces the number of shares that are outstanding.
Therefore, Return on equity increases and stock price never increases. Increase in ROE is a hint that management is giving shareholders more for their money, that is represented by shareholders' equity.
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True or false. Brainly is mostly wrong :/
Answer:
it depends sometimes hahah
Explanation:
I mean sometimes they give you the right answer and sometimes not
managers using their power, personality, influence, and communication skills to coordinate people and groups so their activities are in harmony defines .
Leading defines that managers use their power, personality, influence, and communication skills to coordinate people and groups so their activities are in harmony.
It is considered important for managers to lead their subordinates. Leading basically involves influencing others through direction, inspiration, and motivation toward the achievement of organizational objectives. It defines that manager use his power, communication skills and personality to influence other to achieve the desired goals.
Leading involves assembling and arranging resources. Leadership involves the coordination of people towards a common goal of business. Leading ability of leaders enhances the performance of employees. Leaders or managers also influence individuals and their behavior.
Effective communication skills are also considered an important leading quality of managers that allows the managers to transmit their desires to their subordinates. Effective communication is also helpful to encourage employees to perform well and achieve the goals of the organization.
Therefore personality influence and communication skills are important leading qualities for managers.
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creating computers, operating systems, and other gadgetry that it hopes the public will want and buy because of apple’s reputation for innovation.
Apple has a history of "production orientation", creating computers, operating systems, and other gadgetry that it hopes the public will want and buy because of Apple’s reputation for innovation.
This is further explained below.
What are computers?Generally, A computer is a modern digital device that can be set up to carry out a series of mathematical or logical processes automatically. The sequences of operations that a computer can do depend on the kind of computer it is.
The general sets of operations that modern computers are able to do are known as programs.
These applications make it possible for computers to carry out a broad variety of functions. a group of very simple equipment or gadgets that work together to perform a certain task: We offer a variety of kitchen appliances, including a coffee grinder, a coffee press.
In conclusion, Apple has a long history of "production orientation," which means that the company designs computers, operating systems, and other types of technology with the goal of selling them to consumers on the basis of Apple's well-known track record of innovation.
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complete question
Apple has a history of _______, creating computers, operating systems, and other gadgetry that it hopes the public will want and buy because of Apple’s reputation for innovation.
market orientation
production orientation
sales orientation
societal marketing orientation
profit is best described as revenues plus expenses, less taxes. the owner's annual salary. money earned after expenses and salaries are paid. the sales dollars that a business acquires, over time.
Profit can be best described as money earned after expenses and salaries are paid. hence, Option C is correct.
What is Profit?Profit is a term that frequently refers to the monetary gain business experiences when revenue exceeds costs and expenses. It is the money that a business earns from sales less expenses.
Profit is the term used to describe the financial gain experienced when the revenue from a business activity exceeds the costs, costs, and taxes associated with maintaining that activity.
hence, Profit can be best described as money earned after expenses and salaries are paid. Option C is correct.
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"Your question is incomplete, probably the complete question/missing part is:"
A) Revenue plus expenses, less taxes
B)The owner's annual salary
C) money earned after expenses and salaries are paid.
D)The sales dollars that a business acquires, over time.
how will the demand for gucci shoes change today, if the government decides to tax designer shoes next year?
Jobs in the hidden job market can be discovered through job advertisements. please select the best answer from the choices provided t f
Jobs in the hidden job market can be found through job advertisements is a false statement.
The labor market is the entire need and supply of labor, or all of the demand and supply in society with all the mechanisms that allow for productive transactions between people selling their labor and employers who need the labor.
The job market is a free area where workers can be recruited to fill various positions, such as secretary, mechanic, cashier, and so on.
The function of the labor market is to optimally allocate labor among various alternative users in productive work, which provides a decent income, a feeling of peace and security from the threat of danger, not worrying about losing a source of livelihood, and providing a sense of self-esteem and certainty of life. The functions of the labor market are:
As a Means of Distribution of Manpower,As a means to obtain information about employment,As a means to bring together job seekers and people or institutions that need workers.You can learn more about labor market here brainly.com/question/23079314
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Answer:
This is FALSE
Explanation:
robert jacobs and richard chase (2018). operations and supply chain management, 16th edition, mcgraw-hill. isbn 978-1-260-23890-7
What was robert jacobs and richard chase (2018). operations and supply chain management, 16th edition; (COMPLETE QUESTION)
With a light emphasis on quantitative coverage, Operations and Supply Chain Management, 16e covers the full spectrum of Operations Management and Supply Chain.
the required details about supply chain is mentioned below
It offers pertinent and up-to-date Operations Management topics with an emphasis on economics and the global economy, analytics content that uses math models to link decisions to pertinent data, and proper problem-solving techniques.
This sixteenth edition gives students a set of more practical skills and tools as well as examples of what businesses are doing to gain a competitive advantage in the market. Reducing the cost of supply chain processes, integrating and collaborating with customers and suppliers, sustainability, and lowering the long-term cost of products and processes are all current business hot themes that pertain to operations and supply chain management.
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if people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novels
The rightward shift in the demand curve for science fiction books.
The Demand Curve: What Is It?
The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
Knowledge of the Demand Curve
The law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.
Economics is an exception to the general norm that the independent variable appears on the horizontal or x-axis.
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decisions are relatively straightforward and usually can be programmed directly into information systems.
Structured decisions are relatively straightforward and usually can be programmed directly into operational information systems. Thus the correct option is D.
What is Structured decisions?The structured decision is referred to as a method of decision-making in which effective utilization of natural resources takes place by placing the resources in each task carefully and analyzing them.
Structured decisions are typically easy to make and can be easily programmed into operational information systems, which determine the techniques used to implement effective systems.
Therefore, option D is appropriate.
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The incomplete question is
_____________ decisions are relatively straightforward and usually can be programmed directly into ____________ information systems.
A.
Strategic; operational
B.
Semi-structured; executive
C.
Unstructured; managerial
D.
Structured; operational
E.
Executive; strategic
in several cities around the country schools are paying cash awards to students who do well on english and math tests
This practice highlights the idea of incentives- the rewards and penalties that motivate behavior.
The definition of incentive is something that makes someone need to do something or work more difficult. An instance of incentive is extra cash offered to the employees who work more hours on a venture. Helping result in or motivate. An incentive bonus for high productivity.
Benefits are a particularly powerful way of preventing human beings from leaving your organization. Incentives are linked to an employee's performance, in order that they paint within the equal way as a prize. The fee of the inducement is usually related to the results acquired.
Outline incentives as something that motivates or encourages one to do something time and again. The maximum powerful and sustainable incentive is appreciation and positive recognition.
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what illustrates the maximum amount of a good or a service that can be produced given the production of the other.
What illustrates the maximum amount of a good or a service that can be produced given the production of the other is the production possibility frontier.
What is the production possibility frontier?The production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
A country that produces on the production possibilities frontier has the highest standard of living it can achieve. A country that produces inside the production possibilities frontier is said to be under utilizing its resources. A country cannot produce outside the production possibilities frontier.
The production possibilities frontier is concave to the origin. This is because of the opportunity cost that occurs in the production process. As more of one of the goods is produced, less quantity of the other good would be produced. Opportunity cost occurs in production because the resources available for production are available in limited quantities. These results in trade off in the production process.
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the main reason specialization can raise productivity is that: knowledge in human brains is limited. some persons have more knowledge than others. it is impossible to learn anything well. it is always good to know less than more.
Because human brains can only store so much information, specialization can increase productivity.
A person can become more knowledgeable in a particular field of work by specializing. It speeds up the pace of the work. Labor division promotes specialization. Thus, if a person consistently performs the same task, they will get more skilled at it. Therefore, specialization increases productivity.
In economics, productivity is defined as the amount of output produced per unit of input, such as labor, capital, or any other resource. The economy is sometimes measured as a ratio of hours worked to gross domestic product (GDP).
To study trends in workforce growth, salary levels, and technological advancement, labor productivity can be further broken down by industry. Productivity increase has a direct impact on corporate earnings and shareholder returns.
Productivity is a measure of the effectiveness of a company's production process at the corporate level. It is measured by comparing the number of units produced to the number of hours employees worked or by comparing the company's net sales to the number of hours employees worked.
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sharp screen films, inc., is developing its annual financial statements at december 31, current year. the statements are complete except for the statement of cash flows. the completed comparative balance sheets and income statement are summarized as follows: current year prior year balance sheet at december 31 cash $ 73,250 $ 63,500 accounts receivable 15,250 21,350 merchandise inventory 23,450 18,000 property and equipment 209,250 160,350 less: accumulated depreciation (57,450 ) (45,750 ) $ 263,750 $ 217,450 accounts payable $ 16,500 $ 19,000 wages payable 2,000 2,700 note payable, long-term 56,300 71,000 common stock and additional paid-in capital 103,950 65,900 retained earnings 85,000 58,850 $ 263,750 $ 217,450 income statement for current year sales $ 205,000 cost of goods sold 123,500 depreciation expense 11,700 other expenses 43,000 net income $ 26,800
Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.
SHARP SCREEN FILMS, INC.
Statement of Cash Flows
For the Year Ended December 31, Current year
Cash flows from operating activities:
Net income 46050
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense 13650
Decrease in accounts receivable 7200
Increase in merchandise inventory -4850
Decrease in accounts payable -10200
Decrease in wages payable -400 5400
51450
Net cash provided by operating activities
Cash flows from investing activities:
Cash payments to purchase fixed assets -58950
Net cash used in investing activities -58950
Cash flows from financing activities:
Cash payments on long-term note -10900
Cash payments for dividends -13950
Cash receipts from issuing stock 33400
Net cash provided by financing activities 8550
Net increase in cash during the year 1050
Cash balance, January 1, current year 63900
Cash balance, December 31, 2015 current year 64950
Financial information is used by analysts and investors to assess a company's performance and forecast the course of its stock price in the future. The company's annual report, which includes its financial statements, is among the most significant sources of trustworthy and audited financial data.
Investors, market analysts, and creditors analyze the financial statements to assess the strength of a company's finances and future profits potential. The statement of cash flows, income statement, and balance sheet are the three main financial statement reports.
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If a balance exists in the temporary moh account at the end of the period, it can be ignored for purposes of preparing the company’s financial statements.
The statement "If a balance exists in the temporary MOH account at the end of the period, it can be ignored for purposes of preparing the company’s financial statements" is False.
The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.
Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.
Examples of MOH
Electricity or gas is utilized in a manufacturing facility.Different utilities, inclusive of water and trash provider.Unexpected repairs.Supervisors or managers within the factory.Depreciation of a construction's value.Rent and assets taxes.Equipment depreciation.Learn more about manufacturing overhead here brainly.com/question/13312583
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management focuses on managing the production and delivery of an organization's products or services more effectively. multiple choice question.
The goal of operations management is to better efficiently manage the production and delivery of an organization's goods or services.
(OM): What Is It?
The management of business procedures to achieve the best level of productivity within an organization is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labor and materials into products and services as effectively as feasible. Teams in charge of operations management strive to produce the maximum net operational profit by balancing costs and revenues.
KEY LESSONS
The management of business procedures to achieve the best level of productivity within an organization is known as operations management.
The most effective conversion of resources like labor and materials into products and services is the focus of operations management.
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kevin invested part of his $5000 bonus in a certificate of deposit (cd) that paid 2% annual simple interest, and the remainder in a mutual fund that paid 4% annual simple interest. if his total interest for that year was $140.00, how much did kevin invest in the mutual fund?
A mutual fund is a pooled collection of assets that invests in shares, bonds, and other securities. while you buy a mutual fund, you get extra various preserving than you will with a man or woman protection, and you can revel in the convenience of computerized making an investment if you meet the minimum investment requirements and the mutual fund investment is underneath
solution:-
(5000 - x)(0.02)(1) + (x)(0.04)(1) = 190.
Mutual funds make money by using charging buyers a percent of property beneath control and might also price an income fee (load) upon fund purchase or redemption. Fund charges referred to as the expense ratio, can vary from near 0% to extra than 2% relying on the fund's working fees and funding fashion.
A mutual fund range let you pool your money with other buyers to at the same time buy stocks, bonds, and other investments. they are run by means of expert cash managers who determine which securities to shop for shares, bonds, and many others and sell them. You get publicity for all of the investments inside the fund and any earnings they generate.
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paul can invest his money in the stock market now instead of buying a new car; however, that would require a trade-off or:
Paul can invest his money in the stock market now instead of buying a new car; however, that would require a trade-off or opportunity cost.
What is opportunity cost?Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as trade-off.
Trade off occurs because wants that are available to meet human wants are in limited quantities. Thus, when decision makers choose an option, they forgo the opportunity of making another choice.
For example, assume that Paul has $100,000 disposable income which he can either use to purchase stock or the car. If he buys the car for $100,000, he can no longer invest in the stock market. Also, if he chooses to invest in the stock market, he would not be able to buy the car.
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when a firm with market power produces less than the socially efficient level of output, there would be to society of producing one more unit. quizlet
When a firm with market power produces less than the socially efficient level of output, there would be a net gain to society of producing one more unit.
What is Net gain?
A company's net gain or loss is determined by deducting the revenue from sales of items from the cost of purchasing and/or producing those things. To record investment earnings or losses, net gains and losses are sometimes used.
Therefore,
When a firm with market power produces less than the socially efficient level of output, there would be a net gain to society of producing one more unit.
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the law ofopportunity cost says that because some resources are better suited to producing one good or service than another, as the production of a good or a service increases, thecost of each additional unit rises
This is true. The law of opportunity cost says that because some resources are better suited to producing one good or service than another, as the production of a good or a service increases, the cost of each additional unit rises.
What is the law of opportunity cost?This is the term that is used to describe the economic principle that tells us that the opportunity costs are increased based on the application of resources.
That is, given that resources are allocated, there would be the opportunity cost of using them for a given purpose or another purpose.
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the sum is payable as the result of an accidental death, loss of sight, or the loss of two or more limbs.
The major amount is due in the event of accidental death, blindness, or amputation of two or more limbs.
Principal: What Is It?
The term "principal" is most frequently used to describe the initial amount of money borrowed for a loan or invested. It may also refer to the owner of a private firm, the face value of a bond, or the principal party to a transaction.
KEY LESSONS
In the financial and economic worlds, the word "principal" has several different connotations.
Principal in the context of borrowing refers to the original amount of a loan or bond (the amount that must be repay).
The initial sum spent on the acquisition of assets is referred to as principle in the context of investing.
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placing ads in newspapers and having knowledgeable salespeople to answer customers' questions are ways marketing intermediaries can provide
Placing ads in newspapers and having knowledgeable salespeople answer customers' questions are ways marketing intermediaries can provide information utility.
The salespeople are in charge of welcoming customers, guiding them toward the merchandise they need, and counting up purchases. You need to be a great communicator if you want to succeed in sales. A successful salespeople achieves sales goals while being courteous and helpful to consumers.
A salespeople is defined as a person who sells products or services. A vehicle salesperson is an illustration of salespeople. a somebody who makes sales. a worker whose job it is to market goods or services.
An effective salespeople's main duty is to boost sales. This will comprise customer identification, presentation, demonstration, handling of objections, and closing the sale for order-getters.
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an ethics officer and/or ethics hotline are both critical to an ethical culture in a company. group of answer choices true false
This problem is a true statement. An ethics officer and/or ethics hotline are both critical to an ethical culture in a company.
What is a ethical culture?
The term "ethical culture" refers to a collection of managers' and employees' perceptions, assumptions, and expectations regarding how the business promotes ethical or unethical behavior. Tolerance, compassion, loyalty, and honesty in the handling of customers and workers are encouraged by an ethical workplace culture, which is one that prioritizes employee rights, fair processes, and parity in compensation and advancement.
Therefore,
An ethics officer and/or ethics hotline are both critical to an ethical culture in a company. group of answer choices true false
This problem is a true statement. An ethics officer and/or ethics hotline are both critical to an ethical culture in a company.
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the additional benefits that arise by using an additional unit of the managerial control variable is defined as the: group of answer choices
the additional benefits that arise by using an additional unit of the managerial control variable is defined as the Marginal benefit
What Is Marginal Benefit?A consumer's utmost willingness to pay for an additional commodity or service is known as the marginal benefit. It also refers to the additional pleasure or utility that a customer has after purchasing the extra commodity or service.
As a consumer consumes more of an item or service, their marginal benefit tends to drop. The term "marginal revenue" is frequently used in the business sector to describe the manufacturers' marginal gain. The utmost price a buyer will pay for an extra commodity or service is known as the marginal benefit.
A marginal advantage is also the extra happiness a customer experiences after buying the extra commodity or service. The marginal benefit often declines with rising consumption.
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acheron co.'s december 31, year 1, balance sheet contained the following items in the long-term liabilities section: unsecured 5.375% registered bonds ($25,000 maturing annually beginning in year 4) $550,000 6.5% convertible bonds, callable beginning in year 10, due year 21 $225,000 secured 4.875% guaranty security bonds, due year 21 $500,000 5.0% commodity-backed bonds ($50,000 maturing annually beginning in year 5) $150,000 what are the total amounts of term bonds and debenture bonds? term bonds debenture bonds a. $700,000 $775,000 b. $725,000 $375,000 c. $700,000 $650,000 d. $725,000 $775,000
In the long-term liabilities part of Acheron Co.'s December 31, year 1 balance sheet, the following items were found: Period bonds pay the entire principal upon maturity at the conclusion of the term, in contrast to serial bonds, which mature in installments. The $725,000 in term bonds consists of the $225,000 6.5% unsecured convertible bonds and the $500,000 4.875% guaranty secured bonds. Debenture bonds, which total $775,000 and consist of $550,000 in registered bonds yielding 5.375% and $225,000 in convertible bonds yielding 6.5%, are unsecured bonds.
So the correct option is A
What is Long-term liabilities?
A company's long-term liabilities are its debts that won't be paid off for at least a year. To give a more accurate picture of a company's current liquidity and its capacity to pay current liabilities as they fall due, the current portion of long-term debt is mentioned separately. Long-term debt and noncurrent liabilities are other names for long-term obligations.
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